Issue of Equity

Summary by AI BETAClose X

TwentyFour Income Fund issued 2,000,000 ordinary shares at 105.68 pence each under its blocklisting facility, raising £2,113,600 before costs to fund investments in accordance with its investment policy; post-issue issued share capital is 939,955,296 ordinary shares, and the placement was undertaken to satisfy market demand. The issuance represents approximately 0.213% of the enlarged share base (prior share count 937,955,296), causing nominal dilution to existing holders while providing incremental capital for deployment into the Company's asset-backed securities strategy.

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UK 100

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